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2Q 2021 Earnings Presentation – Battalion Oil Corp.

Battalion Oil Corp. · Aug 10, 2021 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 1
    INVESTOR UPDATE AUGUST 2021
  2. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 2
    Focused on Enhancing Free Cash Flow Current Leasehold Position Continued Emphasis on Margin Improvement Capital Q2 D&C spend completed under budget and ahead of schedule Activity 2021 capital program largely complete through…
  3. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 3
    Oil-Rich Position in the Delaware Basin Q2 production of 15,571 Net Boepd (57% oil) Current Leasehold Position: 41,400 Net Acres / 2,000+ Gross Drilling Locations Completed and put online two well pad in Monument Draw Monument…
  4. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 4
    Q2 2021 Key Financial Highlights Capitalization & Liquidity Summary Strong Liquidity Profile 21.5 million liquidity with 2021 capital program largely 0,000 6/30/21 completed RBL Indebtedness 163,000 Improved Midstream Agreements…
  5. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 5
    2021-2022 Hedge Positions Downside Fixed Price Hedged Oil Volume (Bopd) 10,000 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022…
  6. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 6
    YTD 2021 Drilling & Completion Performance Monument Draw Drilling Performance Total Well Cost per Lateral Foot 0' 2,000 1,565 2021 Q1 Actual 2,500' 1,500 2021 Plan Well 1,241 2019/2020 BATL Wells 1,093 Previous HK and Offset Wells…
  7. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 7
    Appendix
  8. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 8
    Selected Operating Data Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Production volumes: Crude oil (MBbls) 805 775 1,524 1,712 Natural gas (MMcf) 2,055 1,632 4,188 4,171 Natural gas liquids (MBbls) 270…
  9. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 9
    Selected Operating Data (/Boe) Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Average cost per Boe: Production: Lease operating 7.18 7.94 7.25 7.58 Workover and other 0.54 0.42 0.49 0.62 Taxes other than…
  10. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 10
    Adjusted EBITDA Reconciliation (in thousands) Three Months Ended Six Months Ended June 30, June 30, 2021 2020 2021 2020 Net income (loss), as reported (33,929) (127,316) (67,304) (12,825) Impact of adjusting items: Interest…
  11. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 11
    Adjusted EBITDA Reconciliation (in thousands) Three Months Three Months Three Months Three Months Ended Ended Ended Ended June 30, 2021 March 31, 2021 December 31, 2020 September 30, 2020 Net income (loss), as reported (33,929)…
  12. 2Q 2021 Earnings Presentation – Battalion Oil Corp. – slide 12
    Contact: Chris Lang (832) 538-0551

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